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RES-2009-088 Resolution for the Sale of Refunding Bonds
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RES-2009-088 Resolution for the Sale of Refunding Bonds
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Last modified
9/3/2015 3:25:49 PM
Creation date
9/3/2015 3:25:29 PM
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BOCC
Date
12/15/2009
Meeting Type
Regular Meeting
Document Type
Resolution
Agenda Item
4k
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RES-2010-008 Amendment to Bond Resolution adopted on 12-15-2009 approving Issuance General Obligation Bonds Refinance County Bonds Issued 2001 & 2003
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\Board of County Commissioners\Resolutions\2010-2019\2010
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3 <br /> The Board acknowledges that it is the County's responsibility, and ultimately the <br /> Board's responsibility, to ensure that the Official Statement in its final form neither <br /> contains an untrue statement of a material fact nor omits to state a material fact required <br /> to be included therein for the purpose for which such Official Statement is to be used or <br /> necessary to make the statements therein, in light of the circumstances under which they <br /> were made, not misleading. By the adoption of this resolution, the Board members <br /> approve the Official Statement as materially correct and complete, and further <br /> acknowledge and accept their own responsibility for causing the County to fulfill these <br /> responsibilities for the Official Statement. <br /> S. Prepayment Provisions'— The Bonds will be subject to prepayment and <br /> redemption prior to maturity, or not, upon such terms and conditions as the Finance <br /> Officer, upon advice from the LGC, may determine. The Finance Officer shall execute a <br /> certificate prior to the initial delivery of the Bonds designating redemption terms and <br /> conditions, and this certificate will be conclusive evidence of the Finance Officer's <br /> approval and determination of such terms and conditions. <br /> 6. Form of Bonds; Payment Details -- The Bonds will be designated <br /> "General Obligation Refunding Bonds, Series 2010," and will be in substantially the form <br /> set out in Exhibit A. The Bonds will be dated the date of their initial issuance, will be in <br /> • fully registered form, in denominations of$5,000 and integral multiples thereof, and will <br /> be numbered R-1 upward. <br /> The Bonds must be signed by the manual or facsimile signature of the Chair of <br /> this Board or the County Manager, must be countersigned by the manual or facsimile <br /> signature of the Clerk to this Board or any Assistant Clerk, and the County's seal must be <br /> affixed thereto or a facsimile thereof printed thereon. No Bond will be valid unless at <br /> least one of the signatures appearing on such Bond (which may be the signature of the <br /> LGC's representative required by law) is manually applied or until such Bond has been <br /> authenticated by the manual signature of an authorized officer or employee of a bond <br /> registrar selected by the County. <br /> Interest on each Bond will be payable semiannually (a) from its date, if it is <br /> authenticated prior to the first interest payment date, or (b) otherwise from the interest <br /> payment date that is, or immediately precedes, the date on which it is authenticated <br /> (unless payment of interest thereon is in default, in which case such Bonds will bear <br /> interest from the date to which interest has been paid). Principal and interest will be <br /> payable in lawful money of the United States of America. <br /> The Finance Officer will execute a certificate prior to the initial delivery of the <br /> Bonds designating the final aggregate principal amount of the Bonds (up to the maximum <br /> authorized amount of$27,000,000) and the principal and interest payment schedule for <br /> 2 <br />
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